Month: November 2022

EUR/AUD gyrated lower as correction from 1.5704 extended last week. Initial bias stays neutral this week first and deeper fall cannot be ruled out. But downside should contained by 55 day EMA (now at 1.5199) Read more…

EUR/CHF turned into consolidation below 0.9953 last week and outlook is unchanged. Initial bias stays neutral this week first. Downside of retreat should be contained by 0.9798 resistance turned support to bring rebound. On the Read more…

The rumor of earlier reopening in China seemed to have overwhelmed other heavy weight events in the markets last week, including Fed’s hawkish rate hike and non-farm payroll report. Late rally in stock markets helped Read more…

Monday, Nov 7, 2022 Tuesday, Nov 8, 2022 Wednesday, Nov 9, 2022 Thursday, Nov 10, 2022 Friday, Nov 11, 2022 The post Summary 11/7 – 11/11 appeared first on Action Forex.

Last week rounded out the last 3 major central bank meetings for the late October/early November period. All 3 hikes were as expected.  The RBA hiked rates by 25bps and is expected to hike further.  Read more…

Summary United States: FOMC Still Has Cover to Focus on Inflation Employers continued to add jobs at a steady clip in October, demonstrating the labor market remains tight and the FOMC will continue to tighten Read more…

U.S. Highlights The Fed increased the monetary policy rate by 75 basis points to a range of 3.75-4%, opened the door to a slower pace of tightening, while also setting expectations for a higher terminal Read more…